LOOKING TO INVEST MY LIFE SAVINGS NEED ADVICE - page 9.

Quidat

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Quote from: MidKnight on April 29, 2018, 07:58:40 AM

Quote from: ValerieBTC on April 28, 2018, 03:15:35 AM

Quote from: cr_liev on April 25, 2018, 11:47:46 AM

As my friend's experience shows, it's more profitable to buy bitcoin rather to mine it. There are better ideas for investment, even outside the cryptoworld (which is now highly unstable and risky).

Mining is something different and more complicated than just buying bitcoin. Mining needs place, electricity and more investment and also experience while buying needs just money and nothing more. The price is growing again and it is better to buy some bitcoin instead of mining and trading, because holding needs no experience. Just buy and hold for some time.

It's really smart to just buy and hold bitcoin. Mining isn't applicable to a single person, it should be a group of people. You need to have the knowledge when you operate those things and with just one technical error then all of it will stop.

Even you do have a group on mining but still it wont turn out to be profitable because you cant just make operations without minding the electricity cost into your place which means its still debatable.Investing your life savings would really be risky.It would be much better if you just get a percentage of that funds that would be put up on investment.Dont risk it all if you dont like to potentially wreck up your entire life since we know every investment do have corresponding risk.

FreeOxen

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It's probably a good idea not to put all your life savings into something as risky as cryptocurrency... what if you happen to lose all the life savings, what are you going to do then?

Btcschool

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Quote from: Luckystarpool on April 25, 2018, 10:30:32 AM

Invest in cryptocurrency investment funds.
Cryptocurrency investment funds serve as an all-inclusive platform for investors to capitalize their money all together so as to reap the innate benefits of a team effort.

Some popular crypto investment funds include:

Pantera Capital
BK Capital Management
Grayscale’s Bitcoin Investment Trust

Usually they require high sum minimum investing and accept only accredited investors but i created a pool investing group for PANTERA CAPITAL FUNDS where members can easily access those funds and enable to take advantage of opportunities available only to large investors and can start with lower money.

My advice is difersifying as more as you can.

If you are interested check this link:

https://bitcointalksearch.org/topic/invest-in-your-future-pantera-capital-bitcoin-pool-funds-3393956

Hope you help

This is good idea and especially in these days because the price of bitcoin is growing again and it already crossed $9k. It means that today investors will make handsome money if they hold their bitcoin for some time. I suggest you to buy some bitcoin as soon as possible before the price go out of range. Then investing in bitcoin will give not a good profit and even lose due to fall again.

MidKnight

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Quote from: ValerieBTC on April 28, 2018, 03:15:35 AM

Quote from: cr_liev on April 25, 2018, 11:47:46 AM

As my friend's experience shows, it's more profitable to buy bitcoin rather to mine it. There are better ideas for investment, even outside the cryptoworld (which is now highly unstable and risky).

Mining is something different and more complicated than just buying bitcoin. Mining needs place, electricity and more investment and also experience while buying needs just money and nothing more. The price is growing again and it is better to buy some bitcoin instead of mining and trading, because holding needs no experience. Just buy and hold for some time.

It's really smart to just buy and hold bitcoin. Mining isn't applicable to a single person, it should be a group of people. You need to have the knowledge when you operate those things and with just one technical error then all of it will stop.

passwordnow

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If OP decided to invest and start his own mining operation by November 2017 where he is right now. The profit is totally high if he managed to start that early.

Quote from: cr_liev on April 25, 2018, 11:47:46 AM

As my friend's experience shows, it's more profitable to buy bitcoin rather to mine it. There are better ideas for investment, even outside the cryptoworld (which is now highly unstable and risky).

Yeah this will be my choice either, considering the electricity bill in my country is quite expensive. I would choose to buy and hold.

Ben K.

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Activity: 103

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I share the same view as many of the other respondents. Although many of us believe in the future of this tech, it's anyone's guess which of these assets will perform and how well. If you have an appetite for risk, I'd maybe go as high as 20% of your net worth. But to invest everything is a mistake, no matter what. It is only wise to create diversity with your investments and hedge your bets. There are plenty of cryptos as well with a lot of room to grow, so my suggestion would be to find a few smaller projects that excite you and throw a small amount into those projects. If you are dead set on BTC and ETH, I'd do 60/40 or 70/30 in favor of BTC. Bitcoin for two reasons: 1) it is tried and true, battle tested and continues to gain traction/adoption and 2) ETH is technically a security, though there are many petitioning to erase that from the history books. Additionally, it has a lot of competition now with XLM, EOS, ADA etc.

Hope that helps and may the crypto g-ds be forever in your favor.

ValerieBTC

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Quote from: cr_liev on April 25, 2018, 11:47:46 AM

As my friend's experience shows, it's more profitable to buy bitcoin rather to mine it. There are better ideas for investment, even outside the cryptoworld (which is now highly unstable and risky).

Mining is something different and more complicated than just buying bitcoin. Mining needs place, electricity and more investment and also experience while buying needs just money and nothing more. The price is growing again and it is better to buy some bitcoin instead of mining and trading, because holding needs no experience. Just buy and hold for some time.

cr_liev

full member

Activity: 364

Merit: 101

As my friend's experience shows, it's more profitable to buy bitcoin rather to mine it. There are better ideas for investment, even outside the cryptoworld (which is now highly unstable and risky).

Luckystarpool

newbie

Activity: 10

Merit: 0

Invest in cryptocurrency investment funds.
Cryptocurrency investment funds serve as an all-inclusive platform for investors to capitalize their money all together so as to reap the innate benefits of a team effort.

Some popular crypto investment funds include:

Pantera Capital
BK Capital Management
Grayscale’s Bitcoin Investment Trust

Usually they require high sum minimum investing and accept only accredited investors but i created a pool investing group for PANTERA CAPITAL FUNDS where members can easily access those funds and enable to take advantage of opportunities available only to large investors and can start with lower money.

My advice is difersifying as more as you can.

If you are interested check this link:

https://bitcointalksearch.org/topic/invest-in-your-future-pantera-capital-bitcoin-pool-funds-3393956

Hope you help

Sadlife

sr. member

Activity: 1400

Merit: 269

My advice is to dont invest money you can't afford to lose especially your whole life savings. There are lots of ways to earn bitcoin without having to risk everything you have. And buying mining rigs isn't probably a good idea cause is costly and you can only earn little from it.

winterland

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Activity: 434

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Quote from: reflector on April 23, 2018, 04:03:55 PM

Quote from: ceferov on April 23, 2018, 10:58:05 AM

Hope you didn't invest in BTC your life savings on December - 1 month after you wrote this. I remember in december everyone was telling BTC will not dump again o it's going to $50k. News was telling people selling house and putting BTC to be rich.

IF bought the bitcoin in the time of December also he will be able to get the profit in next year for sure. Since the bitcoin price potential is not reached upto the expected value still we do not able to find the any other coins comparing on bitcoin's price.

If you want to make the life better with the bitcoin, even today is also the right time to invest your fund on bitcoins as much you can.
I expect this price will take us to touch the next time peak value in the market.

What are you talking about? buying at December of the previous year was one of the worse decisions that any person could take, do you remember those that bought on the previous bubble when the price reached 1200? Do you remember how much time they needed to wait? Because I think that those that bought in December will probably need to wait for years in order to recover the money

sajeebur rahaman

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Activity: 224

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I love Beauty

If you have a desire to invest then it will be better not to delay,Because the time that Bitcoin is now in place can not be there anymore, Now is the time to invest in this, I am a technical analyst, There is no doubt that such a place will be available in the next 5 years, Bitcoin is now very low...And if I said about mining, it's a lot of trouble, If it is good for you then you can...

reflector

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Activity: 826

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Quote from: ceferov on April 23, 2018, 10:58:05 AM

Hope you didn't invest in BTC your life savings on December - 1 month after you wrote this. I remember in december everyone was telling BTC will not dump again o it's going to $50k. News was telling people selling house and putting BTC to be rich.

IF bought the bitcoin in the time of December also he will be able to get the profit in next year for sure. Since the bitcoin price potential is not reached upto the expected value still we do not able to find the any other coins comparing on bitcoin's price.

If you want to make the life better with the bitcoin, even today is also the right time to invest your fund on bitcoins as much you can.
I expect this price will take us to touch the next time peak value in the market.

ceferov

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Activity: 504

Merit: 101

Hope you didn't invest in BTC your life savings on December - 1 month after you wrote this. I remember in december everyone was telling BTC will not dump again o it's going to $50k. News was telling people selling house and putting BTC to be rich.

Jambolb2

sr. member

Activity: 444

Merit: 250

Quote from: squall1066 on November 14, 2017, 05:50:27 AM

I strongly advise not to go "all in"

if you can comfortably afforded one miner for one coin, and have some left over as long as you have cheep power and reliable internet, then maybe consider it.

other than that I could not offer better advice than buy some btc and sit on it! no running costs and if you can sit out the roller coaster of a price ride, it will eventually pay off.

I am sure he was not referring to falling back; it is either he rushed to type or getting himself confused with his use of numbers and English. However, since he mentioned moon in his statement, I can as well just relate he wanted to write $19000. This is a possibility, but when is what no one can say obviously. It is a market, it would grow more than this, and based on the level of adoption, it would be huge, but let's wait for that moment first.

Aamir1

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Quote from: moeowaynat on November 14, 2017, 02:13:15 AM

Hello Everyone,

I need your help! I have been doing research on what hardware to buy to mine Ether and Bitcoin. I'm investing my life savings so this is really serious for me so if you can help it would mean alot. I have alot of space for equipment so that wont be a problem. I need help figuring out what equipment to buy for ether and bitcoin minning, and how much it will cost me? Any advice will be much appreciated.

Thank you

Dude did you later invest as you said? Cause the way I’m seeing things now, if you did invested as of the time you posted this, you might have lost some money by now. But there is no problem, you’re still safe as the price will still go back up. But if you haven’t, then there is nothing like to worry about at all. I also believe that this time is the right time to invest, cause the price seems to be at its lowest right now. If you still feel like investing, won’t be a bad idea to do it right now.

mendozaaria1

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Activity: 104

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invest in yourself, do not trust your investment with others, and invest in trading such as bittrex, binance, kucoin and others, first research if you have less trading experience pay per move of trading coins.

Gizaza

newbie

Activity: 154

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According to analysis tokens of exchanges give good gains. For example there is lccx.io - looks like promising exchange based in London. Well developed white paper, experienced team, located in politically stable jurisdiction.

Raja_MBZ

legendary

Activity: 1862

Merit: 1505

Life savings should never be spent all into crypto (in mining, trading, holding, etc), only risk what you can afford to lose, COMPLETELY.

...and yeah, just buying bitcoin and holding it can provide better return than mining IMO. But again, buy it with the money you can afford to lose.

Luizrosevelt

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Activity: 308

Merit: 3

Mining like every other business comes with undeniable risks. I'm wondering if your research was wholistic at all if you were unable to at least know the cost/benefit analysis. If you have been successful in this earlier with modest investment I would have advised you to reinvest part of your lifetime earnings and do it full time for a couple of years. However, with your admittedly lackluster approach to research, it'd be safer to invest part of your earnings and another part in further research. Honestly, you have to get the rudimentary knowledge and not wishful thinking.
Therefore, with an adequate preparation and a decent budget, you could start your mining business while having fingers in other endeavors as a soft landing when the chips are down. Good luck.

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